Kazakhstan is set to actively
attract investors for the development of the coal chemical industry. Thus, at
least $12 billion are planned to be directed towards this sector in the future.
In total, foreign investments could facilitate the launch of 15 major projects.
Industry experts, economists, business representatives, and foreign partners
discussed the opportunities for the development of a new type of industry in
Astana. To date, there are approximately 50 coal companies operating in the
country, with five of them capable of launching a new line for solid fuel
processing. It is worth noting that Kazakhstan ranks among the top 10 countries
globally in terms of coal reserves, estimated at over 33 billion tonnes, with
an annual production capacity of up to 100 million tonnes. According to
analysts, the country has the potential to produce over 400 types of various
export-oriented products.
“Primarily, this encompasses
activities ranging from coke production to the manufacturing of finished
products such as benzene, paraxylene, and other coal derivatives for further
use in the chemical industry. Overall, the government is working on supporting
several areas by developing necessary infrastructure for ready investment
projects, including gas, electricity, railway, and roads, and allocating
suitable land plots in industrial zones or special economic zones. Measures are
in place to provide preferential financing at acceptable rates,” the Kazakh
Industry and Construction Ministry’s Industry Committee Chairman Azamat Panbayev
said.
